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Biden announces $36 billion bailout for union pension plan
Biden announces $36 billion bailout for union pension plan
By 31st Arrival
9 Dec 2022 4:28 pm in No Holds Barred Political Forum
9 posts • Page 1 of 1
9 Dec 2022 4:28 pm
Guess restoring my personal retirement fund back to what it was projected to be by 2020 would be nice? I could be a millionaire instead of having less than my original principle thanks to malcontents wrecking the economy to prove they could when they wanted too.Selaphobia » 09 Dec 2022, 3:27 pm » wrote: ↑ President Joe Biden announced Thursday he will pump $36 billion into a union pension plan to prevent drastic benefit cuts for pensioners, just a week after he signed a railroad labor deal opposed by several union organizations.
The announcement marks the largest federal award for retiree pensions in history and is funded by Biden’s $1.9 trillion American Rescue Plan, according to the White House. The $36 billion will go to the Central States Pension Fund, which is for mostly Teamster union members.
The $36 billion amounts to about half of the available federal funds for pension relief under the American Rescue Plan. The pension fund, which covers 350,000 members, was at risk of cuts as high as 60%, but the White House said the fund will now be stable until at least 2051.
NOTE: Central States Pension Fund, Established in 1955 to provide pension benefits to Teamsters, the plan has paid approximately $80 billion in benefits to date.
36B to kick the can 29 years down the road?
https://www.yahoo.com/news/biden-announ ... 18641.html
9 Dec 2022 4:31 pm
9 Dec 2022 4:34 pm
quid-pro-quo-Joe 50 years elected doing the same ****, every term, every office held.
9 Dec 2022 4:51 pm
Yep...union can mismanage and cash in.
9 Dec 2022 5:09 pm
Trickle down economics.
9 Dec 2022 6:12 pm
That makes no sense. Teamsters union covers cops - you KNOW it's legit.
When you complain, ur friends roll their eyes and ur enemies rejoice
"Because I SAY I am" is a todler's tantrum, not "science"
You cannot betray me - only yourself, to me.
Who cuts off your dick is not a friend
An opinion you won't defend is not your own
Humanity's Law of the Jungle: Survival NOT of the fittest, but of the tribe
When peeing in the pool, stand on the edge
If gender is not sex, why should a gender claim change what sex you shower with?
"Because I SAY I am" is a todler's tantrum, not "science"
You cannot betray me - only yourself, to me.
Who cuts off your dick is not a friend
An opinion you won't defend is not your own
Humanity's Law of the Jungle: Survival NOT of the fittest, but of the tribe
When peeing in the pool, stand on the edge
If gender is not sex, why should a gender claim change what sex you shower with?
10 Dec 2022 12:50 am
30 Dec 2022 12:34 pm
Selaphobia » 09 Dec 2022, 3:27 pm » wrote: ↑ President Joe Biden announced Thursday he will pump $36 billion into a union pension plan to prevent drastic benefit cuts for pensioners, just a week after he signed a railroad labor deal opposed by several union organizations.
The announcement marks the largest federal award for retiree pensions in history and is funded by Biden’s $1.9 trillion American Rescue Plan, according to the White House. The $36 billion will go to the Central States Pension Fund, which is for mostly Teamster union members.
The $36 billion amounts to about half of the available federal funds for pension relief under the American Rescue Plan. The pension fund, which covers 350,000 members, was at risk of cuts as high as 60%, but the White House said the fund will now be stable until at least 2051.
NOTE: Central States Pension Fund, Established in 1955 to provide pension benefits to Teamsters, the plan has paid approximately $80 billion in benefits to date.
36B to kick the can 29 years down the road?
https://www.yahoo.com/news/biden-announ ... 18641.html
@GHETTO BLASTER TELL US WHY TAXPAYERS SHOULD BAILOUT A UNION.
that's insane. I can't believe he wants to give American money to Americans.
Zelensky is ENTITLED to that money. It should be going to Ukraine
30 Dec 2022 1:04 pm
Biden said "through no fault of their own" the members were shafted by incompetent, corrupt union bosses......actually he said the part in parentheses, I added the rest.Selaphobia » 09 Dec 2022, 3:27 pm » wrote: ↑ President Joe Biden announced Thursday he will pump $36 billion into a union pension plan to prevent drastic benefit cuts for pensioners, just a week after he signed a railroad labor deal opposed by several union organizations.
The announcement marks the largest federal award for retiree pensions in history and is funded by Biden’s $1.9 trillion American Rescue Plan, according to the White House. The $36 billion will go to the Central States Pension Fund, which is for mostly Teamster union members.
The $36 billion amounts to about half of the available federal funds for pension relief under the American Rescue Plan. The pension fund, which covers 350,000 members, was at risk of cuts as high as 60%, but the White House said the fund will now be stable until at least 2051.
NOTE: Central States Pension Fund, Established in 1955 to provide pension benefits to Teamsters, the plan has paid approximately $80 billion in benefits to date.
36B to kick the can 29 years down the road?
https://www.yahoo.com/news/biden-announ ... 18641.html
@GHETTO BLASTER TELL US WHY TAXPAYERS SHOULD BAILOUT A UNION.
9 posts • Page 1 of 1
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